The IASB finalizes its discussions on IFRS 17 reported concerns and implementation challenges
IASB retains the level of aggregation requirements in IFRS 17, agrees to propose to scope credit cards out of the Standard, and to propose some amendments.
Insurance
Helping insurers succeed, from strategy through execution.
As the leading provider of professional services to insurance organisations, PwC has extensive knowledge of the issues, trends and challenges that insurers face.
Insurance Banana Skins Survey 2019
What risks do insurers worldwide face in the current climate and how are they prioritising them? PwC and the Centre for the Study of Financial Innovation have joined forces to gather responses from senior insurers and close observers of the financial scene to learn what they see as the biggest threat. Give your insight on the top risks keeping insurers all over the world up at night and you will receive a copy of the report.
How we can help
The insurance industry is undergoing fundamental transformation as it comes up against the impact of new regulation, new technology, accelerating shifts in consumer demand and mounting competition from InsurTech players. In the face of so many disruptive challenges, it’s important not to lose sight of the huge opportunities they’re creating for insurers.
We can help navigate this increasingly complex and uncertain business and geopolitical landscape. To make the most of these opportunities, we can help organizations look beyond the traditional boundaries of the insurance business to embrace new ways of working, new ways of interacting with customers, and whole new possibilities in what their business can deliver.
Insights
IFRS 17, Insurance Contracts: An illustration
This publication (the Illustration) demonstrates the presentation and disclosure requirements of IFRS 17, Insurance Contracts (IFRS 17), as issued by the International Accounting Standards Board (IASB) in May 2017, as well as the new disclosures introduced or modified by IFRS 9, Financial Instruments (IFRS 9), through consequential amendments to IFRS 7, Financial Instruments: Disclosures (IFRS 7).
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22nd CEO Survey: Insurance trends 2019
The insurance sector has seen significant disruption, but the latest trends show the initial trepidation over digital transformation is turning into optimism.
The discussion continues on concerns related to transition and scope of IFRS 17
IASB proposes scope exclusion election for certain loans and transition exception for acquired claim liabilities.
The productivity agenda
This paper presents the results of PwC’s 2018 Productivity in the Financial Services Sector Survey.
IASB proposes to further amend IFRS 17
IASB agrees to propose certain further amendments to IFRS 17 to better reflect the economics of insurance contracts.
Insurance deals insights: Year-end 2018
Insurance deal value surges as P&C carriers attempt to grow distribution capabilities and drive scale.
US GAAP Long Duration Targeted Improvements: Early Discoveries & Lessons Learned
We provide a detailed summary of our recent webcast discussing the expected and unexpected complexities of ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts standard.
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